Arizona weekly enterprise., 1887-12-10

We, D. s. Thomas, J. M. Hurley, Charles Hall, John Vaile, B. F. Garner, R. H. Mar tin, J; H. Wrampelmeir, T. J. Wrampelmeir, ". R. Stone, ". J. Linville, R. E. Sloan, Thomas Davis, J. D. Rittenhouse and w. N Crandan, desiring to incorporate ourselves un- der the provisions of the laws of the Territory of Arizona, for the purpose of engaging in and transacting the lawful business pursuit and enterprise hereinafter specified, do adopt these Articles of Incorporation and sign and &C., knowledge the same according to law, and de- clare:
 That the name of the corporators are D. S.
 omas, J. M. Hurley, Charles Hall. John
 ail,e B. F. Garner, R. H. Martin, J. H.
 rampelmeir, T. J. Wrampelmeir, w, R.
 one. ". J. Linville, R. E. Sloan, Thomas dsii. 11Ei'' J. D. Ri''snh0''s and w. N Gran
 The name of the Corporation saall be the
 FLORENCE CANAL COMPANY, and it's principal place of transacting business shall be Florence, County of Pinal, Territory of Arizona
 The general nature of the business, pursuit. occupation and enterprise proposed to be transacted and engaged in by said corporation IS Hiding, constructing and maintaining dams, canals, humes ditches, conduits, reser- voirs, gates, lateral ditches, aqueducts, and
 
 be necessary or convenient in damming, col
 ting, obstructitg, conducting and regulating the flow of water, to appropriate and pur- chase sr and water rights, dams, ditches,
 as. fumes, water ways, franchises and all WE Ger appliances, to sell water and the use thereof. water rights and privileges, to use and furnish f. use water for any agricultural mining, milliE g, mechaA sal, domestic or oth- CT beneficial purpose; to acquire by location, purchase or in any other manner, lands and real estate or interest therein, and all other Ri, ds of property, real, personal or mixed, hold, sell and convey the same; to loan
 ey and borr money and contract to re-
 the le at such time or times and with such r ste or rates interest as it's Board of DiI Sors may see fit; to issue bonds and exe- cute nor ages to secure any loans, or for any of its indebtedness, upon any of its property hereafter Cquired, and to pledge and hy- pothecate any of it's property to pay any of it's indebtedness or secure any loans. And to &C., quire by purchase from the Florence Canal and Land Comp my, organized March 9th, 1886, and known and designated and doing business since the 31st day of July, 1886, at which time it's Articles of Incorporation were amended as the the Florence Canal and Wa ter Company, all of it's water rights, dams, ditches gates, fumes, canals, water ways. franchises and all water privileges, and to ex- tend, enlarge and complete the same. III.
 The amount of the capital stock of this cor porarion shall be Five Hundred Thousand l50O, O,00W Dollars divided into Ten Thousand l10, ,OOO) shares of Fifty (S50) Dollars each, and the conditions upon which it is to be paid are as follows, to-wit:
 The whole thereof is to be paid immediately upon making the subscription therefor, and no
 scription for such stock shall be allowed ss at the time of making the same the iu amount therefor shall be paid in money or its equivalent.
 Shares of stock of the above mentioned Florence Canal ald Water Company shall be deemed an equivalent, and shall be received by
 his Corporation as the payment for the stock ehereof, at the rate and proportion of Two l2) Shares of the capital stock of the Florence Ca nal and Water Company for One (1) share of the Capital Stock of this corporation. The Stock of this Corporation, when issued upon the above conditions is non- assessable, and the words ''non- assessable is to be printed or written upon same at time of issue. The time of the commencement of this cor. roration shall be the day of the filing of these -rticles of Incorporation in the office of the ,-secorder of Pinal County, Arizona Territory, M Id the termination thereof shall be Fifty (50l years thereafter.
 The affairs of this Corporation shall be con- ducted in accordance with its bylaws, by 0 Board of Five (5) Directors to be elected an- nually by the stockholders on second (2nd) Tuesady of October of each year. No one shall be eligible to the office of Director who is not stock-holder of this corporation. VI.
 The highest amount of liability or indebt- edness direct or contingent, to which this cor poration is at any time to be subject shall in no case exceed the sum of Three Hundred Thousand (300, ,000) Dollars. VII.
 The private property of the members of this corporation shall not be liable for the corpo- rate debts of this corporation. VIII.
 The Board of Directors shall have power to establish bylaws and make all rules and reg ulatioas deemed expedient for the manage ment of the affairs of this corporation, not inconl sent wi.A the constitution and laws of the United States and the laws of this Terri I tory.
 In Witness Whereof, we have hereunto set our ha ids and seals, this 1st day of September | n